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These days, finding an affordable place to live in the 31516 area can be challenging. Home prices in 31516 are now at a median cost of $189,568, lower than the Georgia average of $324,634.
The average cost of rent is $799/mo in 31516, primarily driven by the current value of real estate in the 31516 area. In 31516, 23.89% of households rent, and 47.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 31516 is $5,523 per month. Households that rent pay about 14.46% of their income on rent here. 31516’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 31501, GA: less expensive homes
- 31503, GA: less expensive homes
- 31542, GA: less expensive homes
- 31557, GA: less expensive homes
- 31553, GA: less expensive homes
- 31552, GA: less expensive homes
- 31550, GA: less expensive homes
- 31543, GA: less expensive homes
- 31624, GA: less expensive homes
- 31566, GA: less expensive homes
Zip Codes with Similar Populations
- 73801, OK: equally priced homes
- 34210, FL: higher priced homes
- 35206, AL: less expensive homes
- 36027, AL: less expensive homes
- 37398, TN: higher priced homes
- 39828, GA: less expensive homes
- 40514, KY: higher priced homes
- 45320, OH: equally priced homes
- 45891, OH: less expensive homes
- 55405, MN: higher priced homes
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